STOCK TITAN

ServiceTitan (NYSE: TTAN) director-linked Bessemer funds sell Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ServiceTitan, Inc. director and 10% owner designee Byron B. Deeter reported open-market sales of Class A Common Stock executed by Bessemer-affiliated funds. Bessemer Venture Partners VIII L.P. sold 5,490 shares, BVP VIII Institutional L.P. sold 6,613 shares, and 15 Angels II LLC sold 374 shares at a weighted average price of $70.54, in multiple trades between $70.50 and $71.03.

After these sales, BVP VIII, BVP VIII Inst, and 15 Angels hold 2,369,286, 2,849,411 and 127,260 shares of Class A Common Stock, respectively. Deeter, a Bessemer partner, has only an indirect, passive economic interest and disclaims beneficial ownership beyond any pecuniary interest.

Separately, Deeter’s direct holdings include 19,581 Class A shares, which reflect 17,690 shares received via pro rata in-kind distributions from Bessemer funds on March 26, 2026, plus 1,891 restricted stock units that vest in full on September 15, 2026, with any shares or sale proceeds assigned to Deer Management Co. LLC.

Positive

  • None.

Negative

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Insider Deeter Byron B
Role null
Sold 0 shs ($0.00)
Type Security Shares Price Value
Sale Class A Common Stock 0 $0.00 --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 0 shares (Indirect, See footnote); Class A Common Stock — 19,581 shares (Direct, null)
Footnotes (1)
  1. On June 15, 2026, Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Bessemer Funds") sold 5,490 shares, 6,613 shares and 374 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $70.54. These shares were sold in multiple transactions at prices ranging from $70.50 to $71.03. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds by virtue of his interest in (1) Deer VIII & Co. L.P., the general partner of the Bessemer Funds and (2) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. After the sales, BVP VIII, BVP VIII Inst, and 15 Angels, own 2,369,286 shares, 2,849,411 shares, and 127,260 shares of Class A Common Stock, respectively. Includes an award of 1,891 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof. Includes 17,690 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Funds on March 26, 2026, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
BVP VIII shares sold 5,490 shares Class A Common Stock open-market sales
BVP VIII Inst shares sold 6,613 shares Class A Common Stock open-market sales
15 Angels II LLC shares sold 374 shares Class A Common Stock open-market sales
Weighted average sale price $70.54 per share Multiple trades between $70.50 and $71.03
BVP VIII post-sale holdings 2,369,286 shares Class A Common Stock after June 15, 2026 sales
BVP VIII Inst post-sale holdings 2,849,411 shares Class A Common Stock after June 15, 2026 sales
15 Angels post-sale holdings 127,260 shares Class A Common Stock after June 15, 2026 sales
Byron Deeter RSU award 1,891 RSUs Vest in full on September 15, 2026
In-kind distribution to Deeter 17,690 shares Pro rata distributions-in-kind on March 26, 2026
restricted stock units financial
"Includes an award of 1,891 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pro rata distributions-in-kind financial
"Includes 17,690 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Funds on March 26, 2026."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities."
Rules 16a-13 and 16a-9 regulatory
"which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended."
weighted average price financial
"These shares were sold at a weighted average price of $70.54."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Deeter Byron B

(Last)(First)(Middle)
C/O BESSEMER VENTURE PARTNERS
1865 PALMER AVENUE, SUITE 104

(Street)
LARCHMONT NEW YORK 10538

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ServiceTitan, Inc. [ TTAN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/11/2026S0(1)D$0(1)0ISee footnote(2)(3)
Class A Common Stock19,581(4)(5)(6)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On June 15, 2026, Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Bessemer Funds") sold 5,490 shares, 6,613 shares and 374 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $70.54. These shares were sold in multiple transactions at prices ranging from $70.50 to $71.03. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
2. The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds by virtue of his interest in (1) Deer VIII & Co. L.P., the general partner of the Bessemer Funds and (2) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
3. After the sales, BVP VIII, BVP VIII Inst, and 15 Angels, own 2,369,286 shares, 2,849,411 shares, and 127,260 shares of Class A Common Stock, respectively.
4. Includes an award of 1,891 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock
5. The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.
6. Includes 17,690 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Funds on March 26, 2026, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
/s/ Augie Wilkinson, Attorney-in-Fact06/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Bessemer funds report for ServiceTitan (TTAN)?

Bessemer-affiliated funds reported selling Class A shares of ServiceTitan. BVP VIII sold 5,490 shares, BVP VIII Institutional sold 6,613 shares, and 15 Angels II sold 374 shares, all disclosed as open-market transactions on behalf of funds associated with director Byron B. Deeter.

At what prices did the Bessemer funds sell ServiceTitan (TTAN) shares?

The Bessemer funds sold ServiceTitan Class A shares at a weighted average price of $70.54. The trades occurred in multiple transactions, with individual prices ranging from $70.50 to $71.03, as detailed in the transaction footnote accompanying the Form 4 filing.

How many ServiceTitan (TTAN) shares do the Bessemer funds hold after the sales?

After the reported sales, BVP VIII holds 2,369,286 ServiceTitan Class A shares, BVP VIII Institutional holds 2,849,411 shares, and 15 Angels II LLC holds 127,260 shares. These post-transaction balances reflect continued substantial fund ownership positions in the company’s Class A Common Stock.

What is Byron B. Deeter’s economic interest in ServiceTitan (TTAN) through Bessemer funds?

Byron B. Deeter is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in shares held by the Bessemer funds. He expressly disclaims beneficial ownership of those securities, except to the extent of any pecuniary interest arising from his indirect partnership stakes.

What direct ServiceTitan (TTAN) holdings and RSUs does Byron B. Deeter report?

Deeter reports 19,581 directly held ServiceTitan Class A shares, including 17,690 shares received via pro rata in-kind distributions from Bessemer funds. His position also includes 1,891 restricted stock units that vest in full on September 15, 2026, subject to continued board service conditions.

What is the significance of in-kind distributions from Bessemer funds to Byron B. Deeter?

The filing notes Deeter received 17,690 ServiceTitan Class A shares via one or more pro rata in-kind distributions from Bessemer funds on March 26, 2026. These distributions were completed under Exchange Act Rules 16a-13 and 16a-9, reflecting transfers rather than open-market purchases.